Sophia Sommer

(602) 512-9825
The Sommer Group
Call Sophia

Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$204,280$204,280$409,500
Remaining term (yrs)25.025.030.0
Secondary amount$0$205,220$0
Funding fee$0$0$0
Note rate2.840%2.840%7.400%
Blended rate3.690%5.725%7.640%
1st payment$947.48$947.48$2,835.30
2nd payment$0.00$1,325.38$0.00
Taxes / mo$135.58$135.58$135.58
Insurance / mo$166.67$166.67$166.67
MI / mo$162.49$162.49$81.90
HOA / mo$152.00$152.00$152.00
Total monthly$1,564.22$2,889.60$3,371.45
Cash to close$250,720$45,500$45,500